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Material slowdown in cash generation had SMPH unable to service debts using its own cash

In the nine-month period ending September 30, 2020, SM Prime Holdings (SMPH) generated cash from operations of 18.7 Billion Pesos down 57% from last year of the same period. Despite the material slowdown in cash flow from operations, SMPH proceeded with its expansion spending 36.4 Billion Pesos to add investment properties and other assets. TheContinue reading “Material slowdown in cash generation had SMPH unable to service debts using its own cash”

SM Prime Holdings should present fund raising initiatives as it faces 43.8 Billion current debts

SM Prime Holdings, Inc. (SMPH) generates cash from operations of 9.4 Billion Pesos during the first half of 2020 down 67% compared to the cash flow generated from operations of the same period a year ago.  In the first half of 2019 it generated cash from operations of 28.8 Billion Pesos. Despite the slowdown inContinue reading “SM Prime Holdings should present fund raising initiatives as it faces 43.8 Billion current debts”

ROCK facing heavy headwinds, may have to be avoided for now

No doubt the COVID-19 pandemic has wreaked havoc on the real estate industry. The pandemic has put to test the strength of the finances and operating capabilities of the real estate companies. Pandemic distinguishes the strongest from the rest. The biggest real estate company, SM Prime Holdings, Inc. (SMPH) is seen to weather the storm.Continue reading “ROCK facing heavy headwinds, may have to be avoided for now”

SMPH at 29 a piece is a golden opportunity to buy low a money printing machine

Just January of this year (2020) SMPH hit a high of 43.35, now it is at 29. It is down some 33%. It shed almost a third of its high. The COVID-19 pandemic exposes the qualities of every company listed in the stock exchange. The pandemic highlighted SMPH as a money printing machine. With theContinue reading “SMPH at 29 a piece is a golden opportunity to buy low a money printing machine”